BitCoin $16k And Beyond Today!?!
How far will BitCoin go in the next 24 hours?
As ZeroHedge Tweeted about last night, the latest rise in BitCoin has been very quick.
Bitcoin:
$0000 - $1000: 1789 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 3 hours
We are looking at BitCoin reach valuations in hours that took Nasdaq and the Dow years and decades to achieve.
When will this rise stop and correct?
The stock markets did a very small correct yesterday, which probably helped with the BitCoin rise.
Apparently Korean cryptocurrency changes have opened up a whole new world of investors as coin after coin is doing the FOMO dance.
If things were normal, we would expect a correction, but the $2k correction the other day just seems like a slight skip trip in a fast run to the moon.
Hold on tight, fellas! When this baby corrects, it's gonna be a duesy!
Let the positive energy sing!
More Power to the Minnows!!
That exactly what I’m thinking. That little 2k trip was nothing. Bitcoin is on a rampage!! How big of a correction do you think will happen? I don’t think we need to look at the correction amount as a dollar value more than we need to look at the % of correction. I’m no crypto guru just my .02. Nor am I a some genius financial guy. 😜
Well, since I believed (and still sort of believe) it was going to drop to $7,500 - $8,000, I thing doing the % is much harder, since that seems to be a moving target.
I also peg the correction as happening before the end of the year, so we still have plenty of time on this roller coaster ride.
Maybe looking at at previous known corrections and their percentages might give a ballpark number. But who stinking knows??!! This bitcoin train might never stop. Lol. Hopefully it stops and refuels for 2018 because it is goin to be a huge year for all cryptos. I’ve been hearing people left and right getting into bitcoin and other cryptos. It’s blowing up!!
20K before x-mas? ;)
It wouldn’t be a surprise to me. It’s madness I tell ya madness!!
Hell, it almost just happened today!
I'm very wary of the futures market and this parabolic trend. Seems like a lot of money can be made on futures if you pump it and dump it when futures release.
I thought less than a month ago there was no way Bitcoin could hit 10k. Boy do I feel dumb :/
Who knows what will happen when they start trading futures.
More instability.
Harder to pick the alt-coin gem to make a good quick return.
Bitcoin update:
$0000 - $1000: 1789 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours
$15,000-$16,000: 5 hours
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Fell all the way back to $14 k a few minutes ago ....
A good day to look at Alt-Coins
Like the $100 Litecoin I sold to buy Iota and Einsteinium ?